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wei jianjun: there is malicious competition within the industry, and we are not afraid of great wall falling out of the top ten

2024-09-12

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according to fast technology on september 12, this afternoon, wei jianjun, founder and chairman of great wall motors, had a dialogue with cctv's "china economic gravitational field". during the live broadcast, wei jianjun talked about the current phenomena in the automobile market.

when asked how he dealt with the situation that great wall's sales volume was far behind that of its competitors, wei jianjun said frankly:even if (great wall) falls out of the bottom ten, we must take the right path.to develop healthily, we must comply with regulations, have a bottom line, and have long-term thinking. all companies should not serve capital, nor make money from capital, but create value for society. "

dong qian (cctv host) mentioned in the dialogue that new energy is developing rapidly.toyota's annual profit is 240 billion, while great wall's annual profit is more than 60 billion.why do you only sell them for a small fraction of the price when you bundle them together?

wei jianjun respondedit’s not that the industry or electric vehicles are bad, but that there is malicious competition within the industry."consumers are willing to spend a small budget to buy cars, but is it really sustainable? there are more than 20 brands. what is the reference value of second-hand cars? it causes a lot of sequelae."

when talking about his expectations for the future of chinese auto companies, wei jianjun said that first of all, they must be fair, just, transparent, and abide by international rules.

"only under this circumstance can our industry develop healthily. our desire and ideal of selling chinese products to the world will be realized and recognized. great wall will be the guardian of the rules.i urge everyone to have a bottom line and follow the rules., and contribute to our chinese economy and chinese automobile industry."